Pictet Asset Management Holding SA Has $249.31 Million Stock Position in Ameren Corporation $AEE

Pictet Asset Management Holding SA raised its holdings in Ameren Corporation (NYSE:AEE) by 13.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,268,081 shares of the utilities provider’s stock after acquiring an additional 270,937 shares during the period. Pictet Asset Management Holding SA’s holdings in Ameren were worth $249,307,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Lazard Asset Management LLC increased its position in Ameren by 6,051.1% during the 4th quarter. Lazard Asset Management LLC now owns 932,017 shares of the utilities provider’s stock worth $93,071,000 after purchasing an additional 916,865 shares in the last quarter. Clark Capital Management Group Inc. bought a new stake in shares of Ameren during the fourth quarter worth $66,631,000. Aventail Capital Group LP acquired a new position in shares of Ameren during the fourth quarter worth $66,546,000. Mizuho Markets Americas LLC boosted its holdings in shares of Ameren by 112.0% during the 4th quarter. Mizuho Markets Americas LLC now owns 70,000 shares of the utilities provider’s stock valued at $6,990,000 after acquiring an additional 655,199 shares in the last quarter. Finally, Assenagon Asset Management S.A. grew its position in Ameren by 9,966.5% during the 4th quarter. Assenagon Asset Management S.A. now owns 518,725 shares of the utilities provider’s stock worth $51,800,000 after acquiring an additional 513,572 shares during the last quarter. Institutional investors and hedge funds own 79.09% of the company’s stock.

Ameren Stock Performance

NYSE:AEE opened at $116.35 on Friday. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.44 and a current ratio of 0.62. Ameren Corporation has a fifty-two week low of $94.20 and a fifty-two week high of $118.32. The company has a 50 day simple moving average of $109.90 and a two-hundred day simple moving average of $107.31. The company has a market capitalization of $32.20 billion, a PE ratio of 20.93, a P/E/G ratio of 2.37 and a beta of 0.47.

Ameren (NYSE:AEE) last posted its quarterly earnings data on Tuesday, May 5th. The utilities provider reported $1.28 earnings per share for the quarter, topping the consensus estimate of $1.17 by $0.11. The company had revenue of $2.18 billion during the quarter, compared to analysts’ expectations of $2.24 billion. Ameren had a net margin of 17.17% and a return on equity of 10.94%. Ameren’s revenue for the quarter was up 3.8% compared to the same quarter last year. During the same period in the prior year, the company posted $1.07 earnings per share. Ameren has set its FY 2026 guidance at 5.250-5.450 EPS. Research analysts anticipate that Ameren Corporation will post 5.38 earnings per share for the current year.

Ameren Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 9th will be given a dividend of $0.75 per share. The ex-dividend date is Tuesday, June 9th. This represents a $3.00 annualized dividend and a dividend yield of 2.6%. Ameren’s dividend payout ratio is presently 53.96%.

Analyst Ratings Changes

A number of brokerages have issued reports on AEE. Weiss Ratings raised Ameren from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, May 11th. Truist Financial cut their target price on shares of Ameren from $126.00 to $121.00 and set a “buy” rating on the stock in a research report on Monday, May 18th. BTIG Research began coverage on shares of Ameren in a report on Thursday, April 9th. They set a “buy” rating and a $131.00 target price on the stock. Morgan Stanley set a $115.00 price target on shares of Ameren in a research report on Wednesday. Finally, Argus raised their price target on shares of Ameren from $108.00 to $115.00 and gave the company a “buy” rating in a research note on Monday, March 23rd. Nine analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $119.42.

Insider Buying and Selling

In other Ameren news, SVP Theresa A. Shaw sold 325 shares of Ameren stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $109.08, for a total value of $35,451.00. Following the completion of the sale, the senior vice president directly owned 32,618 shares in the company, valued at approximately $3,557,971.44. The trade was a 0.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.29% of the stock is owned by corporate insiders.

About Ameren

Ameren Corporation (NYSE: AEE) is an integrated energy company headquartered in St. Louis, Missouri, that provides electric and natural gas delivery and related services in portions of Missouri and Illinois. The company operates regulated utility businesses that serve a broad mix of residential, commercial and industrial customers, and it participates in wholesale energy markets and transmission operations that support reliable service across its service territories.

Ameren’s core activities include generation, transmission and distribution of electricity, distribution of natural gas, and the provision of customer energy solutions such as demand-side management and energy efficiency programs.